HENRICO, Va. (WWBT) - Henrico County’s utility system has achieved a historic bond rating. It is now the first public utility in the nation to hold ‘quadruple-AAA’ status for water and sewer revenue bonds.
Officials said it will save the county and taxpayers significant money on future projects.
The utility system received top ratings from all four major municipal rating agencies: S&P Global Ratings, Moody’s Investors Service, Fitch Ratings and Kroll Bond Rating Agency.
This comes less than two months after Henrico became the third county in the country to receive the ‘quadruple-AAA’ recognition.
Chesterfield County is one of the two other counties receiving this rare ranking.
Henrico County Manager John Vithoulkas compared the bond rating to a personal credit score.
He explained tha